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've got a very positive environment given all the other good things that have been said over and above that, that if we go over the cliff, if there's a real possibility, then we'll see consumer incomes go down and like i said earnings expectations are likely to be revised lower, so what do we like fundamentally? >> pretty defensive areas in many cases there? >> i would say that -- >> thank you. we've got to go, guys. thank you for your thoughts and ideas today on our beloved fiscal cliff. >> five days to go and counting before we fall off the so-called fiscal cliff and while there's no deal, more news out of washington and our very own john harwood is there. >> reporter: mandy, we've got a letter from the republican leadership to the president and to the democrats in the senate saying that the house has acted, they passed legislation last year to extend all the tax cuts and to shift the scheduled sequester cuts from defense to domestic programs, but, of course, in urging the senate to act saying, well, we've acted, now it's your turn, we're simply not going to see the democrats take th
a couple. in this uncertain environment there's nothing better than a good old fashioned turnaround story. a three headed turnaround. clean up the balance sheet, vegas is improving, china is growing too. bet on mgm when the fiscal cliff looms next strike and this as well as all other stocks get hammered. craig in my home state of new jersey. craig? >> caller: how are you doing? >> what's going on, partner? >> caller: calling about expedia. how you feel about that? >> i feel really good about that. i follow this closely. expedia is a good partner of the inn that i own. i know how powerful they are. this consolidates them in europe. is it enough reason to buy expedia? i liked expedia beforehand. i like it even more now. shane in georgia. shane? >> caller: hey, jim. merry christmas. >> same to you. i like the falcons here. i like them. i got julio. j.j. is on my team. he's done fabulous. i know he watches. thank you. go ahead. julio is a close fan of "mad money." >> caller: with the fiscal cliff looming and with today's pullback and available funds to be invested, las vegas sands is a fine s
watch your backstop, in anyone this your environment, before you fire at anybody. and so, every police officer, just because we wear a badge, we're not superheroes. it takes discipline and it takes training and then you expect, in a crisis, that we can perform at least to the levels that we've trained at. >> well, that's the hope. sheriff one final thing for you. i want to read you a quote, republican president dwight eisenhower who said back in 1957, "it will be a sad day for this country if children can safely attend their classes only under the protection of armed guards." what does that voice from the past say to you about today's america and your proposal? >> well, circumstances -- circumstances certainly have changed. do i want to see a teacher or a principal be armed? i don't. but this is a circumstance and the threat that we're presented with today. the same way, would we ever imagine asking pilots who are charged with this awesome responsibility of flying an aircraft, and yet here today, because i fly armed, i have to meet the pilots, and they say, sheriff, i'm armed. the othe
not think it logical that we protect the children of our nation in a school environment. it can be gun consistent with their learning atmosphere and that's my challenge to bring experts together to accomplish that. >> you were part of the news conference on friday. i want to play you a little bit of what wayne lapierre had to say there. >> the truth is that our society is populated by an unknown number of genuine monsters. people that are so deranged, so evil, so possessed by voices and driven by demons that no sane person can ever possibly comprehend them. >> of course he's the executive vice president of the nra. i have to ask you, when you listen to that sound bite, the question that rings in my head is whether he just arctic you could y arctic could you lawsuited a good reason for gun control as opposed to against gun control. what's your view? >> i think you have to put guns in the hands of the right people. for example, hunters obviously have a need for their own weapons. and there's rec accurareational and so on. but we want to protect our airplanes, our passenger and we've done
an environment there was spirit and was spun by the development of late george w. norris who came to nebraska and fought for the unicameral legislature and nonpartisan. some people say he did it because he wanted to save money. i am sure it saves money to have one house, but the main reason he did it is to get rid of the conference committees that we go through the back here that are a puzzle. i was at a conference committee on the football field and bate changes five times before they blow the whistle. so what we have in nebraska is something that is officially nonpartisan and looks nonpartisan, so that is a backdrop for me. so when i come here in a partisan environment, i said i don't have to subscribe to partisan environment. mauney goal and my team as the governor is to run nebraska, not republican or democratic or east or west urban, i represent all the people even those that voted against me. i've taken that approach back here to represent all the people, not just other people. >> did you ever think about becoming an independent? >> the democratic party never pushed it out to greet you
a plausible story. president know about that decreasing security environment? was he told about the attacks on the conflict of which he told about the 16 august cable where the investor said if he is attacked we cannot defend this place. what did the president know about the security environment in libya before the attack? during the attack, what orders did they make, why were they not carried out? and afterward, why did he pushed a story line that was misleading? as to ambassador rice, after this report, i hope the american people will understand that the story she told on 15 september was completely out of line with reality on the ground, and i believe firmly now more than ever that the story she told on five national television shows was more of a political story than informing the american people. the talking points -- who changed the talking points? who took out references to al qaeda? al qaeda references are all over the original report and all over the cables coming out of libya and tripoli. when she said security at the consulate was substantial, and strong, that was the furthest th
to lay better eggs in this environment? >> no, but you'll be encouraged and inspired. >> reporter: fancy chickens do lay colored eggs, green and red. i tried one. it's really good. really good. i would definitely pay $100,000 for that egg. dan harris, abc news, new york. >> give it some gas, dan. >> the jet pack looks cool. the hen house, come on, now. every day. that looks like a good gift because that's something if you have that kind of money you can get into, you know what i mean? >> until you crash it. >> i don't have that kind of money. merry christmas, everybody. >>> this morning on "world news now," trouble times two. the west coast gets slammed again by powerful storms at the worst of times. >>> and with the tremendous snowfall and powerful wind swept rain, mother nature is not spending christmas and other parts of the country christmas cheer. it's monday, december 4. >> from abc news, this is "world news now." >>> and good monday morning, on this christmas eve. good to have brandy back in the house. it's been good. we had a little eggnog. >> we're making it a festive holiday. >
economic environment, unfortunately. >> a wealth manager says need to austerity speculation before making big purchases. look at the money you have and the money you need and decide if you really need that next big purchase. harris? >> harris: the upside is to get your values in order, it sounds like. molly, good to see you, thank you. >> good to see you. some new signs the housing market might be bouncing back. home prices for the month of october are up in more than a dozen cities compared with last year. analysts say the higher prices are recovering even as it moves into the quieter sales period. home construction dropped a bit from october. it was still higher than it was last november. experts say builders are on track to start working on the most homes in four years, which could help create more construction jobs. well, from the supreme court battle over president obama's healthcare overhaul to the deadly meningitis and west nile outbreaks. 2012 was a very busy year in health news. dr. manny alvarez from the fox news medical a team has a recap. >> 2012 tense year at the intersection
environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management >>> the russians don't want anybody in spain but the spanish. is that scary? they're communists, yes, but they want total disarmament? no. is that scary? hitler and mussolini are using the spanish earth for testing ground for what they want -- another world war. is that scary? you're darn right it is. >> barbara streisand in "the way we were." that's my synchle favorite movie. i told robert redford when he came in. he said he was resisting your call for a sequel ever since. >> it's such a good story, the sequel. i'm still after him. >> he's never made a sequel to anything. he doesn't believe in sequels. >> i understand that. this happens to be a great story. i wanted it to be released on the 25th anniversary. >> what would have happened? >> it was just a very interesting story through their daughter and her political activism at berkeley in 1968 and the d
there ♪ ♪ hey ♪ it's hard to see opportunity in today's challenging environment. unless you have the right perspective. bny mellon wealth management has the vision and experience to look beyond the obvious. we'll uncover opportunities, find hidden risk, and make success a reality. bny mellon wealth management ♪ >> welcome back, time for news by the numbers. 22,000 how many job applications delta received for just 300 flight attendants jobs. officials say they received two applications every minute after posting the position online. bye-bye. 48 years how long they thought they were married before they found out the marriage was never legal. they just made the marriage legal after the license was never turned in after their wedding. i wonder whose fault that was, left it on the mantle. finally, 100 the number of cities vying for the best city for men, ratio men to women and other factors and accord to go men's health, raleigh north carolina is the winner, so, single men go down there. kelly. >> kelly: i used to live in raleigh. more and more kids are smoking pot than ever before and a ne
with other guests as well, that talked about the merger and acquisition environment. it is a glaring lack of activity. i don't want to make too much of it, take a look. you can see how they've done this year. in line with 2010. up ever so slightly from 2011. remember, we have record low borrowing rates in the high yield market, not to mention from banks as well. leverage ratios have crept up, so you can get debt that equals 5.5, or 6, or even more times the company you're acquiring. all of that would argue for more activity on the part of the leverage buyers. we've had jim woolery at jpmorgan saying, yeah, i can cut you a $10 million check. we haven't seen the big deals. one reason, simply put, flow begets flow. when there's a lot of activity, you get even more. there is a company looking to be shed of this business, or achoirs another business, they may look to shed another business as well. that might be an audience that private equity is part of. when you aren't having that level of activity, you may not get even more from the lbo. but something we've run up against lately does seem to
8. the article cites a tough consumer environment in general and strong competition from rivals apple and amazon. >> and joining us now to talk more about this and what's going on in tech land, brian white, he covers tech and capital markets and he's coming to us from hong kong this morning, i believe. good morning to you. >> yeah, good morning, andrew. >> i don't know if you had a chance to see this that "new york times" piece this morning. but i don't know what it portends not only for microsoft but for the other players and others that sell windows devices. >> well, i'll tell you what, you know, we went to taiwan and china in october and the buzz around windows 8 fell off a cliff from the june time period. so there's a lot of enthusiasm in june at the show in taipei. and by october, there was no enthusiasm. so i think a lot of the momentum had been lost and a lot of companies told me, look, it's really a second half of 2013 story. >> so what does that mean, not only for microsoft were but for the hardwaremaker? are being buying products from dell and the like and buying the w
in case they want to find a low security environment in which to go and steal weapons. new york has a problem with terrorist cells. so we also know which houses don't have guns. this is a severe danger to the community that this newspaper has brought about. >> gretchen: like i'm thinking, let's say now that somebody goes to rob one of these homes that they know they don't have guns, let's say something horrible happens, do those homeowners then have a lawsuit against the newspaper? >> you know, i don't necessarily think so. but i do think it would be smart for the homeowners and the gun owners to give notice to the newspaper that they fear for their security and their safety, that of their families and they would ask their -- the names and addresses be unpublished for purposes of safety. that's the minimum they can do at this point and ask for a written response from the newspaper. >> gretchen: very interesting. let's read the statement. this is from the journal news, the newspaper. the massacre in newtown, connecticut remains top of mind for many of our readers. our readers are und
tournament is housed in warren county. what we trio do is foster environment where people and businesses want to come to warren county. so we actually have the lowest marginal tax rates of the surrounding counties and we try taphouse there are environment to where we know we can only do so much in government. so essentially we don't try to do all things to all people. so in a lot of ways we say no more than we say yes, which i think is one of the keys in government is not just thinking about your own political vested interest, 'cause it's easy to make friends in politics by saying yes to everybody. if you think a checkbook is not really yours or the taxpayers, it's someone else's and you can pass out money like it's candy, everybody in the world is going to love you. but when you sit around and look somebody in the eye and say no, they tend not to like you. we've got the ability to do that inside of warren county. >> eric: a lot of municipals are having a hard time because of unions. how is your union contract? have you renegotiated any of those? or are those that were put in place years ago
tax environment. for instance, i don't think an investor would say, i'm going to shun higher dividend stocks, because now my tax rate is up. unfortunately, it will be higher, but you still will pursue dividend stocks. >> got it. peter. thank you. happy new year to you. peter anderson of asset management. >>> still ahead, the head of the campaign to fix the debt joins us live. what needs to happen so we can get a deal done and can it done at this meeting the today? also ahead, we're live from the port area of bay young, new jersey, with an update on a possible strike that could affect businesses from texas to massachusetts. also got the houston mayor to tell us how her city is preparing for a strike. futures still a little jittery here this morning. dow down 86. "squawk on the street" back in a minute. at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. mine was earned off vietnam in 1968. over the
. >> do you want that in an environment? that a is a situation that has to be addressed. i don't think it is the only situation. >> reporter: i asked earl curtis if he thought it was a good idea to arm principals and teachers. he did not. he said you really need somebody who knows what they're doing and has the training, maybe just police officers. but to put people in charge of guns with no training, is a big problem. >> many of us saw, felt it first hand, we'll reflect when we come back. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. on any new volkswagen. excuse me, sir i'm gonna have to ask you to power down your little word game. i think your friends will understand. oh no, it's actually my geico app...see? ...i just uh paid m
was raised in a pretty strong faith environment with my family. and i certainly had this at my school. and i don't disagree with you. i think it's all sorts of things, larry. it's the lack of parental guidance, as well. i think it's the breakdown of the social fabric of the family in america and many other countries. but the particular problem for america, which no other country that has the video -- britain has mental health issues, britain has the same videos, the same hollywood movies, britain has all the social problems that america has albeit on a smaller scale. the one thing we don't have is guns. there are no assault weapons allowed for civilians. and guess what? we don't get mass shootings ever. >> you're not against handguns or rifles. >> no, absolutely not. and i fully respect the second amendment and the right to bear arms and defend yourselves. if a father or mother in a house wants to have a handgun or a pistol to defend themselves against an intruder, that is fine by me. i respect your second amendment, but nobody can tell me you need these assault weapons with 100 bullets in a
in this environment here now is mary, managing director with merchant forecast. you are a secret shopper, right? do i understand that correctly? >> come on. we have a team across america and the team is comprised of retail professionals. and they -- monitor stores across -- >> shop for a live. >> they shop for a living. it is a tough life. yes. they -- answer questions for us and compile the data and we publish our reports. >> the numbers that came out today were disappointing. we have now seen retail stocks fall for three days in a row because this holiday season is looking bad. is it that bad? >> it was going into last friday. and -- again, we cover the mall. going into last friday, everybody was panicked. because they weren't seeing the kind of retail -- >> retailers were panic. >> yes. those days before christmas, it spurred up. whether it pulls out the month is another store write. it looks promising for particular retailers. we have some -- we have some bright spots out there. cosmetics is great. we love ulta. lululemon setting the trend for all of that. >> two of my faves so par. >> costume je
on safety. schools are a sensitive environment as well, but you can provide safety and security with armed, trained personnel without putting fear in anyone. >> asa hutchinson heading up the nra school safety program. thank you for your time this morning, sir. >> thank you, candy. >> there's not much where the president and the nra see eye to eye but violence and the media may be one. up next, a cultural warrior in his own right, senator joe lieberman. to dream about that tiramisu. what a night, huh? but, um, can the test drive be over now? head back to the dealership? [ male announcer ] it's practically yours. but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a passat. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. can i still ship a gift in time for christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the holiday stress. ship fedex express by december 22nd for christmas delive
that and answers that question. we need government but we need government to create a stable environment for businesses to function and to create jobs. when government metals too much into the economy, government and its decisions and policies are driven by politics, and markets are driven by the desire of individuals and companies to meet the need that the real world needs people. that's the difference in what government does and what markets do. so you need government to create, to protect us from fraud, from wrongdoers. there are wrongdoers and government can protect us from them, but overly meddlesome government will, it goes too far and you end up depressing enterprise and innovation and job creation. >> the 2008 financial situation and the so-called bailout, are you supportive of that government intervention? >> we raise and answer the question in that book. you could see that as sort of, you know, emergency intervention. if the government had done it and got now that would've been fine but, unfortunately, they stayed too long. i think the comparison we make is to katrina. there's
, most secure environment for them. >> reporter: it all began back on september 26th when a parent reported misconduct. the army quickly reviewed surveillance video and found several young children, all under the age of 5, were physically abused. charges of simple assault were filed. but parents were still in the dark. two days later, on september 28th, they are hand adler saying only that this is a report of alleged mistreatment and inappropriate behavior by staff. >> all along, this first week when we were being sort of given piecemeal information, denied access to the videotapes, we were also being asked if we wanted to seek medical care for our child. >> reporter: medical care for what? >> for what? obviously we wanted to understand and see with our own eyes, since that evidence was available. >> reporter: she was horrified when she finally saw the surveillance tape of her child. >> obviously you don't ever want to see your child subjected to that kind of assault. these were the caregivers we entrusted them to every morning. >> reporter: november 7, the army started checking ot
who's been trained for sensitive environments that can provide the protection, an added level of security and other security measures, not just that. let the teachers teach and let others protect. >> i think that some people would agree with the idea of having armed security guards in the school if the community wanted it, but they would also say at the same time we have to have some commonsense restrictions on guns. you shouldn't have high-capacity magazines that can shoot 30 bullets. senator manchin said background checks for those who buy them at gun shows, not just from registered dealers. what's wrong with those? >> i think it takes away -- it -- whenever you pass those kind of laws, you think, well, we've done something. we've somehow made our children more safe, so you go home. i don't think the job is really accomplishing anything if you take that approach. >> but why not do both? >> because the children will still be unsafe. >> why not do what you're recommending and have gun control? >> well, i don't think that's the solution. congress can debate that. i will focus m
dividends. they are up close to 14%, and this type of environment, where you're probably going to see another 3% to 5% selloff because of this fiscal announce, fiscal irritation, and when you get that, you should take that money and put it to work. simply because when you look at corporate america, the average company, bill, is generating a 16% to 17% return on equity, record free cash margins and a federal reserve that has the pedal to the metal. what you and i have talked about before repeatedly, $4 in taxes for every dollar in phantom spending cuts. that's fiscal irritation, but the health of corporate america will be what ultimately prevails. >> sounds like david has been reading your book, rick santelli. >> it does. >> big fan of rick. >> this is such a perverse world we live in, okay. let's look as what's happening. down 158 in stocks and that pushed the ten-year yield under 170, okay. >> really. let me get this straight. they can't get a deal on controlling out-of-control debt, so rates go down. i used to trade during graham/rudman and i remember when they couldn't get deficit
environments to really play havoc with it towards the end of the year, and i think a lot of political capital will be spent on what's at hand right now obviously with the fiscal cliff, and obviously what we do with 2013, i don't think that you're going to see a lot of regulation questioned, asked during 2013. >> okay. >> i think this one is one stock that will benefit. you'll see the analysts start to upgrade it. >> that being b of a. >> wait until the dow goes higher on your list for 2013. >> we don't do anything with respect to the theories of the dogs of the dow, but the generic sense of buying laggards for future outperformers is a broad one. higher growth names outperforming versus last year which was more defensive. what you do is look at the real laggards, hp and intel come to mind real quickly. >> right. >> they are down low for very good reasons. they are reason to be the desk top computing is definitely under siege with more mobile computing. the management issues with hp. all of those things need to be ironed out and as a result the stocks have underperformed. >> are you saying you
, dividend paying stocks in this environment, will, i think, be -- >> even with the, you know, our previous segment was talking about potential for big tax hikes on dividends. even with that, you'll still be going for dividend stocks? >> i think so. i heard that segment and i think we will be get an increase but we won't get that full effect going to the maximum tax rates. >> right. we can only hope there. >> looking in that 20% range. >> chad, what are your expectations? >> well, i think you're going to go over the cliff, but you're going to get a mini bargain. any market dislocation you have over the next 15 trading days, i'd be a buyer. in the long run, we have the economy that's improving, stall speed, but that will gradually increase over the course of the year. once you have some more certainty. so, you'll get some capital spending, you'll get retail investors that will be a little bit more optimistic as well as institutional inves or thes will start to click and up their equity allocation. >> where does 2013 end up for the market? >> i'm looking very positive. i'm bullish in premise
. >>? >> you got it, michelle. we're operating in an environment where, quote, uncertainty is the new normal. this is the equivalent of the last-minute christmas shopping to protect assets of going over the fiscal cliff, planners and wealth managers say it's been a banner year especially for estate planning and here's a couple of reason yes. there's a big change coming with the gift tax. right now there's a $5 million exempted and the tax rate is 35%. on midnight on new year's eve the exemption drops to 1 million and the tax rate goes on 55% and the capital gains tax rate expected to increase from 15% to 20% and the brand new 3.8% medicare tax on wage earners above 200,000 a year and a possible future cap on general deductions is all part of that renewed interest and estate planning. among those closely watching what the president and top congressional leaders do over the weekend to avoid going over the cliff, millions of married couples facing a higher tax burden. the bush-era tax law which eliminated the so-called marriage penalty for joint filers is expiring, meaning with couples with nex
the street and into treatment. we're not doing this in this country. >> has the environment changed, mr. lapierre? the supreme court has confirmed gun owner rights in this country, mayor bloomberg was on the program last week saying you tried to get the president not to be reelected u, you failed i this effort. each said you don't have the clout that you had politically in this town in past debates. >> the american people, i know one thing about them, they value their freedom. when the reality of the consequences of what the politicians in this town and the media and elites want to do to their rights and take them away, i think they'll do what they've done historically, defend the freedom. the american public knows the scene of the crime, it's a criminal and a victim. mayor bloomberg, new york city, if you're rich and your famous, you get your permit, if you're a .300 hitter with the mets ush get a permit, a big developer, you get a permit, wall street executive, you get a permit, the mayor's buddy, you get your permit. if you're a guy in the bronx, most in need of protection, you're flat o
to lay better eggs in this environment? >> no, but you as the farmer will be encouraged and inspired. >> reporter: fancy chickens do lay colored eggs, green and red. i tried one. it's really good. really good. i would definitely pay $100,000 for that egg. dan harris, abc news, new york. >> give it some gas, dan. give it some gas. >> the jet pack looks cool. we can all agree on that. the hen house, come on, now. that's how i get home from work every day. just float down central park west and i'm back home just like that. that looks like a good gift because that's something if you have that kind of money you can get into, you know what i mean? >> until you crash it. >> i don't have that kind of money. merry christmas, everybody. don't have that kind of money. merry christmas, everybody.
a tougher business environment in the new year? we will break it down next. and then the impact on the insurance market and we will talk to eric dinallo, the former new york insurance superintendent. >> my name is allen shortal founder of this corporation. if the fiscal cliff doesn't get resolved no question the u.s. economy will go into recession. we closed down our manufacturing in china and relocated it in the usa. for other companies to follow our lead, they need to trust our leaders in washington will actually lead. think outside the box, great incentive for businesses to invest in the u.s. economy. we believe the more you know, the better you trade. so we have ongoing webinars and interactive learning, plus, in-branch seminars at over 500 locations, where our dedicated support teams help you know more so your money can do more. [ rodger ] at scottrade, seven dollar trades are just the start. our teams have the information you want when you need it. it's another reason more investors are saying... [ all ] i'm with scottrade. what starts with adding a friend... ♪ ...could
that would emerge into a ground based laboratory. it emerges might put people in a very different environment to go into the unknown. human space flight is probably the most interdisciplinary scientific and technical activity this country can engage in. much broader than biotech and any other fields. you have all fields come together to pull off a successful mission. it is incredibly hard. i would say as part of your portfolio of activities, that humans have to be part of it. they do represent the challenging interdisciplinary problem that is unique. it's to be part of our national portfolio because nothing replaces the symbolism, the emotion, the connection that makes -- to our partners around the world. the international space station is not only an engineering triumph but a diplomatic triumph that has paid great benefits to this country already in terms of building relationships around the world. what national interests do you want it to serve. >> thank you very much. >> i have a feeling general sega wants to add something. >> thank you. the question itself poses one of the key points of o
businesses and private money and investment in private investment and the environment. >> i've been doing this almost 23 years we need certainty. we want to invest our money, but we want to know the rules aren't going to challenge. if carbon's the bag thing, that i'm not going to be disadvantaged if i'm clean. don't put me on a player field that's harder for me to compete. >> what's your plan for the second term? are you sticking around? >> what i can say is i'm very limited. we have so much work to do. >> in a statement president obama says jackson has shown an unwavering commitment to the health of our families and our children. >>> so russia may soon ban adoptions by americans. many are opposing the ban including this young whom tells me her own inspire i story about her adoption. ♪ you are my sunshine, my only sunshine ♪ ♪ you make me happy when skies are gray ♪ [ female announcer ] you know exactly what it takes to make them feel better. ♪ you make me happy [ female announcer ] that's why you choose children's tylenol. the same brand your mom trusted for you when you were y
want to cook it in a moist environment so it doesn't dry out of the ham. >> you didn't put a ton in there? >> not a lot. a couple of o.j. the at the bottom. >> it's a little uneven. i apologize for this. >> this is easy. you don't have to be particular about it. i'm not a chef but a cook. 375 in the oven until it's 145 degrees internally. it takes about 45 minutes. here is the ham. >> i know it's incredibly good. make this today. >> really easy. when you take it out of the oven, tent it with aluminum foil while it rests for a minute. if you peel it off too soon, it will get dry on you. the next thing to do in the same oven, 37 5 degrees is my easy h roasted sweet potato mash. these are four pounds sweet t potatoes and two pounds of vidalia onions and some salt and permanen pepper. it troroasts for 45 minutes. put it in after you put the ham in. you drop everything in here. this is simple. it's just roasted red potatoes or sweet potatoes, excuse me, some onions and the olive oil and salt and pepper on top. then four tablespoons of butter. >> there's the key right there. there it i
and rebuild those critical components right back in the same vulnerable environment. we can do this much smarter and cheaper over the long run. if we make the necessary investment to protect that situation from happening again. when it comes to things like propulsion power, signal systems, we know now that some of those critical elements that are absolutely critical to get that service up and running for 10% of the american economy are in very vulnerable places. none of us, no homeowner had their basement flood repeatedly take their best family heirlooms and stores it on the floor of the basement. we might buy some shelving or put the air loams on a shelf -- heirlooms on a shelf. if they say there are no mitigation investments we should put the family heirlooms on the floor of the basement again and wait for the next flood to happen. the other thing you need to remember is when we have these repeated disaster elements, much of those costs would be fema eligible so the taxpayer pays again. and we see no wisdom in that and is why we built but mitigation funding into the president's budget
're all in a group in the roosevelt room or in the cabinet room. it is a more casual environment. they're sitting probably on couches or chairs near each other. but the problem, don, is that if the president tries to sweeten the deal to woo more republican votes, then he risks losing lots of democratic votes and vice versa. this is really an issue about the fundamental differences between the two parties, the role of government in american life, that's why it is so hard to get to a deal. >> how dramatic. who would think talking about money and fiscal issues would garner so much drama, jessica. >> reporter: well, it is washington. and it is a lot at stake. it is about people's taxes, and, you know, the social safety net in america. it is the difference between democrats and republicans. >> yeah. we're going to talk more about the money now. thank you, jessica yellin. appreciate it. to new york now, joining us rick neuman, chief business correspondent for "u.s. news & world report." i want to ask you about the tax increase if there is no deal and tax rates rise, when would workers begin
's a very tough economic environment. gregg: you know, out in the shopping malls it's really being felt, and we measure that, right, with shopper track? >> yes. and shopper track is down from what they had forecast. they recently revised it lower, down about 25%. and, gregg, i think it's important to point out that stock prices on a lot of retailers and all companies, but especially redalers, moved -- retailers, moved up in anticipation of good sales. and as a result of the numbers not being very good, i think you're going to see the earnings estimates from analysts on wall street come down. so you might start to see that impact on the stock market as well. gregg: how much of this, ed, is fiscal cliff as opposed to just the aggregate of bad economic news? >> yeah. i don't think most people really understand the fiscal cliff. i think they're starting to get it just as molly had showed a couple minutes ago about how much more you're going to pay in taxes. i think it's a lot of confusion, and when people are confused, they really don't know what to do, and they don't see any silver lining
environment. host: an editorial responding to and preparing for natural disasters is one of government's most important functions. it's as lawmakers should provide immediate relief without having to worry about demanding that spending to cut elsewhere. jan in springfield, mass., on the line for democrats. caller: 5 would like to say in florida in 2004 when they had all of the hurricanes, state farm insurance pulled out of the state and refused to ensure homes. people that have car insurance with state farm wanted to cancel their insurance. we found out the weight state farm is judging each state -- we found out state farm is judging each state. there are states where they are not making a profit so they are not insuring. global warming and new storms, the insurance companies need to look at their policies and unite them as americans. please quit referring to us as "ordinary" and referred to us as the backbone of the nation. guest: i was born in massachusetts, so i certainly feel you are part of the backbone of the nation. there is not reformed insurance policy coverage in this bill. a big pro
, called the raging bull thesis. the argument we were moving from a trading environment, which they had been talking about for ten years, and moving towards a new secular bull market beginning in 2013. that means you take out the old highs. we still believe that, 1615 who take out the old highs. housing getting better, turning after six years after a horrible recession. we're looking at the energy boom in the country. we're looking at the wireless mobility aspects to technology and we're looking at the -- one other phenomenon is the competitiveness. >> does that bring mom and pop home? >> what will bring mom and pop home ultimately is losing a little bit of money in their bond funds. over $1 trillion in bond funds over the last four years. but if you look at survey work, particularly survey of consumer finance by the federal reserve board, you'll see that people still want to buy equities. that's been true for the survey for the last, you know, 10, 12 years, despite what just happened. most people don't understand this, 35 to 39-year-olds is a cohort of the americans who begin to save f
investors to market and be successful. so what do you do in an environment like this? every individual ought to have a plan. they ought to have a place they're trying to get to. if they're not there now then they ought to have a second plan for how long it takes them to get there, and under what conditions. don't do anything precipitously. individual investors have a knack for making decisions about investing in asset classes at exactly the wrong time. they need to be disciplined. >> all right. balance is another word that sort of irritates me, because when i hear democrats use balance it means higher taxes, when i hear republicans use balance, it means more spending cuts. when you say we need a balanced approach long-term, what are you talking about? >> well, actually, this, i think, is something that investors need to think about. and there are a couple of very smart people writing about the issue. i would say jeremy grantham. but the whole are we coming to the end of an era. in fact i think one of our guests today wrote a piece on this. the end of the era where we could count on 3% averag
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